The global digital pathology market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). Digital pathology is a field that focuses on the analysis of images on a computer using digitized specimen slides. The digital pathology market growth is attributed to an increasing need for improvement in workflow efficiency.
Moreover, the government policies to expand the availability of devices due to COVID-19 and the growing application of digital pathology in drug development further enhances the market growth. The need for the demand for accurate devices with low cost and to install the devices in developing economies will also contribute to significant growth in the market. However, unclear reimbursement policies, lack of skilled and trained pathologists could hinder the market growth.
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Further, the waiting period used by slide folders (utilized for storing slides) that are pending in the labs can be saved by converting slides into digital slides. By digitizing the processes, the workflow in labs is executed smoothly. The cost involved in the delivery of the microscope slides is reduced and the risk of damage is eliminated, which eases the consultation process for individuals.
According to the time and motion study, approximately 13% of the time of the pathologist is spent on administrative tasks. Thus, the deployment of digital pathology solutions (DPS) in labs and other medical settings has minimized the time spent on administrative tasks such as specimen handling. Digitizing specimens reduces handling and potential damage to specimens. Moreover, the digital slide scanner and imaging software help provide high-resolution images.
Market Coverage
Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Product and By End-User
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- Hamamatsu Photonics, K.K., Koninklijke Philips N.V., Olympus Corp., Danaher Corp., and F. Hoffmann La Roche Ltd.
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Global Digital Pathology Market Report Segment
By Products
· Devices
· Software
· Storage System
By End-User
· Biotechnology and Pharmaceutical Companies
· Hospitals
· Others
Global Digital Pathology Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East and Africa
Company Profiles
· 3DHISTECH LTD.
· Apollo Enterprise Imaging
· BARCO
· ContextVision AB.
· CORISTA
· Danaher Corp.
· F. Hoffmann la Roche Ltd.
· Hamamatsu Photonics K.K
· HURON TECHNOLOGIES INTERNATIONAL INC.
· INDICA LABS INC.
· Koninklijke Philips N.V.
· LEICA MICROSYSTEMS GMBH
· LIGOLAB LLC
· MIKROSCAN TECHNOLOGIES INC.
· NIKON INSTRUMENTS INC.
· Olympus Corp.
· PROSCIA INC.
· SECTRA
· SUNQUEST INFORMATION SYSTEMS
· SYSMEX CORP.
· VIEWSIQ
· VISIOPHARM
· XIFIN INC.
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